Institutions Dominate Proxy Process

The proxy process for publicly traded companies has been taken over by institutional investors at the detriment of retail traders and investors. The US Senate Committee on Banking, Housing, and Urban Affairs (SCB) held a…

yearly low, extensions

New York Fed Creates Fintech Group

The New York Branch of the Federal Reserve has launched a fintech advisory board. The Fed’s New York Branch made the announcement in a press release. The Federal Reserve Bank of New York today launched…

FinTech Leading Females Comment The Rise of BigTech…

Still in  pursuit of #BalanceforBetter - the theme for this year’s International Women’s Day - The Industry Spread has decided to review a 2018 report by US-based financial data and software company FactSet on gender…

FINRA

FINRA Budget is Released

The 2019 budget for FINRA, the Financial Industry Regulatory Authority, is out and it spells out the priorities for the agency. “As a not-for-profit, self-regulatory organization whose operations are funded by industry fees—without the support…

FINRA

How FINRA Interacts with its Members

[caption id="attachment_324757" align="alignleft" width="114"] FINRA[/caption] As a self-regulatory organization FINRA, the Financial Industry Regulatory Authority, is in a unique position to interact with its members. That was the message from Chip Jones, FINRA’s Senior Vice…

CFTC Nominee Reaffirms SWAPs Stance

The Commodities Futures Trading Commission (CFTC) is getting a new leader but their position on SWAP equivalency will not change. CFTC Chair Christopher Giancarlo will have his term expire in April. President Donald Trump has nominated Dr.…

FINRA

FINRA to Upgrade Registration System

FINRA’s system for registering broker/dealers is getting an upgrade and moving into the 21st century. FINRA’s Central Registration and Depository (CRD) system is the central licensing and registration system for FINRA, all of the Securities and…

Will This Case Limit CFTC’s Manipulation Power

The Commodities Futures Trading Commission’s (CFTC) power to prosecute market manipulation may be determined by a case making its way through federal court. The Futures Industry Association (FIA) held its most recent webinar entitled “CEA…

Waters Lays Out Agenda During Mark-up

The House Financial Services Committee previewed its agenda for the next two years as it took up next year’s budget. It held its mark-up session for the 2020 budget on March 6, 2019. The current budget…